Hedge-fun managers

摘要

Not with a bang, but a moo, the last ever Royal Show closed on July 10th, ending a 170-year run. The agricultural jamboree, intended to spread innovation among farmers, could no longer meet its £300,000 ($480,000) costs. "Having 3,000 livestock for three nights' bed and breakfast is expensive," says Denis Chamberlain, the show's marketing chief. Attendance has halved since the 1980s, mainly because the industry has consolidated into a small number of mega-farms rather than lots of minnows, he reports.